The announcement did not include the sale price but real estate records show the transaction was valued at about $67.8 million.

Forge Park, located along Rte. 140 near Interstate 495 in Franklin, is one of the region's more prominent industrial parks. The entire development has 20 buildings totaling 2.7 million square feet.

"The sale of the park was hotly contested by some of the market's premier institutional investors due to its size, quality and credit tenancy,'' said Richard Herlihy, executive vice president at RBJ, in a statement.